Thread: Peter Schiff Says Gold to $5,000/ounce and US Market Rally W

Peter Schiff Says Gold to $5,000/ounce and US Market Rally Will Fade

Benzinga
Friday, Sept 25th, 2009

Peter Schiff, President of Euro Pacific Capital, stated in a web cast today on Yahoo! Finance that he sees gold reaching $5000/ounce and the US market faltering.

He believes due to the governments poor policy decisions over the past 9 years, and recent amplification of these same mistakes the US dollar is set to fall to fresh lows versus commodities and other currencies.

Schiff said China and other Asian markets are especially fertile ground for investment as their underlying economic conditions and policies are far superior to the US and are immune from a weakening US dollar.

Investors can emulate Schiff’s advice by buying Ishares China ETF (NYSE: FXI) or SPDR Gold Shares (NYSE: GLD).

http://www.prisonplanet.com/peter-schif ... -fade.html

You would think this is planned. Oh, well, it is.


People are still asleep. The devil is in BOTH parties. I don;t see how we could recover, as this was planned. The USA is being taken out of power, by whom????

Bush started things off and Obama has taken 1,000 worse steps and has almost completely destroyed us.

Better support the Rep's right now because they are the only party that is defending us and speaking out on our behalf. Go to C-Span and /or Senate.org and see how the Reps vote vs the Dems. I am not a party person, I vote issue.